UAE approves new US $272mn rail company

Federal law wins approval to form Etihad Trains Company

The UAE government on Wednesday passed a federal law to set up a new railway company.
The UAE government on Wednesday passed a federal law to set up a new railway company.

The UAE government approved a federal law on Wednesday to set up a AED1bn ($272m) railway company, state news agency WAM reported.

The Etihad Trains Company, which would be 100 percent owned by the government, would transport goods and passengers and would invest in a countrywide rail network, that would link the emirates.

Run by at least seven board members, the new company would specialise in leasing, owning and selling trains.

“According to the decree, the "Etihad Trains Company" shall, among other objectives, strive to link the rural areas with the urban areas of the country to accelerate growth and development in the country and facilitate easy, cheap and safe means of transport of passengers and goods, to minimise environmental pollution stemming from carbon combustion from cars on the roads and highways,” WAM reported.

Richard Bowker, the outgoing boss of UK rail and bus group National Express who steps down from the post on July 10 is expected to act as chief executive of Etihad Trains.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020